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Bank Reconciliation Statement Guide

The document discusses the importance of a bank reconciliation statement, which is used to identify discrepancies between the cash book and pass book balances. It outlines various causes for these differences, such as unpresented cheques and bank charges. Additionally, it provides an example of a bank reconciliation statement for March 31, 2022, detailing the adjustments made to reconcile the balances.

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alwinrajvp33
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21 views2 pages

Bank Reconciliation Statement Guide

The document discusses the importance of a bank reconciliation statement, which is used to identify discrepancies between the cash book and pass book balances. It outlines various causes for these differences, such as unpresented cheques and bank charges. Additionally, it provides an example of a bank reconciliation statement for March 31, 2022, detailing the adjustments made to reconcile the balances.

Uploaded by

alwinrajvp33
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SHORT NOTE

BANK RECONSILIATION
STATMENT

Q. Need for bank reconciliation statement


* To find out the causes of difference between cash
book and pass book
* To reconcile the cash book balance with pass book
balance

Causes of difference between cash book


balance and pass book balance
1. Cheque issued but not presented for payment
2. Interest allowed or credited by bank
3. Interest , dividend , rent , etc… collected by bank
4. Direct deposit by a customer into bank
5. Bills receivable collected by bank as per standing
instruction
6. Cheque deposited into bank but not collected
7. Payment made by the bank of behalf of the
customer
8. Cheque discounted or dishonoured
9. Bank charge debited in the pass book
[Link] payabil or paid by bank as per standing
instructions
Q1. Prepare bank reconciliation statement as on 31
MARCH 2022
1. Balance as per cash book $ 9600
2. Cheque issued but note present for payment $5400
3. Cheque deposited into bank but no collected $6000
4. Bank charge debited in pass book $450
5. Direct deposit by a customer into bank $1000
Particulars Amount
[Link] as per cash book 9600
Add
[Link] issued but not presented for
payment 5400
[Link] deposit by a customer into bank 1000
16,000
Less
[Link] deposited into bank but no collected
6000
2. banking charge debited in pass book
balance 450
Balance as per pass book
9550

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